TAKE A LOOK | The astonishing surge in SA's solar panel imports | Business

  • 📰 News24
  • ⏱ Reading Time:
  • 48 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 80%

United Kingdom News News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

In the first half of 2023, South Africa imported about R12 billion's worth of solar cells and solar PV panels, as load shedding hit record levels in recent months. | News24_Business

Montmasson-Clair explained to News24 that these imports could largely be attributed to households and businesses trying to beat load shedding by investing in small-scale embedded generation solutions like rooftop solar.Outlier, which has been tracking load shedding

Other factors contributing to the spike in imports could be linked to electricity price increases. The National Energy Regulator of South Africa had allowed Eskom an 18.65% tariff increase that kicked in on 1 April this year. Large-scale project developers like Scatec, which is building a hybrid solar PP and storage project in Kenhardt in the Northern Cape as part of government's emergency procurement round, have also been adding to the demand for imports. Some businesses which which took advantage of the lifting of the licence threshold of generationThe licence threshold was lifted altogether last year to help accelerate the process to get more power to the grid.

Currently, there are only three solar PV manufacturing and assembly plants. They are ARTSolar in KwaZulu-Natal and Seraphim in the Eastern Cape, while the third is Ener-G-Africa in the Western Cape, which has a different target market, supplying small solar panels.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in UK
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines